Asset Classes

Post-trade processor Omgeo has hired former JP Morgan prime services managing director Jeff Kiley as director of industry for the Americas.

A draft report on a Europe-wide financial transaction tax for bonds, shares and derivatives will be put forward in the European Parliament’s Economic and Monetary Affairs Committee next week.

Institutions may choose to restrict their swap trading activities and segregate their business with US counterparties to keep regulatory costs under control and avoid falling foul of extraterritorial American derivatives regulations, a new study from consultancy Celent has asserted.

Fixed income asset allocation in UK pension portfolios has increased to a point where it has overtaken equities. Meantime, moves to increase transparency and reduce the cost of fixed income investment have reached a new level, with UBS tilting its dealing services towards electronic trading.

Regulatory change to Taiwan’s derivatives market will see increased derivatives volumes and higher participation from foreign asset managers as trading rules are softened, according to new research.

Broker crossing networks such as Credit Suisse’s Crossfinder and other alternative dark venues are gaining traction in Japan, although future technological improvements on the Tokyo Stock Exchange and potential regulatory restrictions may provide challenges down the road.

Newly appointed CEO of the UK’s Investment Management Association Daniel Godfrey aims to use his experience working with regulators to help the industry navigate a wave of regulatory change.

Even as its equities markets declined, the Singapore Exchange has recently seen volumes grow in its derivatives markets.

Institutional trading and brokerage firm BTIG has hired long-time trader Eddie Benson to expand its presence in Europe.

Morgan Stanley’s Australian arm will now offer direct market access connectivity to the Australian Stock Exchange’s Centre Point Block.